A study done by Daniel Guilbert and Satya Paul from the University of Western Sydney followed 8,530 people between 2001 and 2005. Their results were significant displaying that wealthy people were not happier than people with lower incomes. According to Adele Horin, the author, "people in the bottom fifth of income earners in 2005 rated themselves on average at 7.99 on a happiness scale from 0-10, about the same as for those in the top income bracket." Therefore, money does not truly contribute to one's glee.
Additionally, Horin explains that one's drive for more money comes from one's surroundings and peers. For instance, if your neighbor is successful with his/her business and is constantly consuming the latest products, your desire to be prosperous instinctively increases. This cycle is regularly ongoing and one will truly not feel satisfied until self standards are met. Think about it. Do you compare your wealth to other's money?
Gale Opposing Viewpoints Peers Drive Happiness
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